Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (11) TMI 20 - CALCUTTA HIGH COURTExtract: ....... year the assessee could reasonably anticipate a loss in the near future. For the reasons above, the revenue succeeds in this reference. Question No. 1 is answered in the affirmative and in favour of the revenue. As question No. 2 has not been pressed we decline to answer the same. In the facts and circumstances, there will be no order as to costs.
|